Will Pizza Hut Be the Next High Street Giant to Disappear?
- The fast-food chain acknowledges the heavy impact of the pandemic.
Pizza Hut, a staple on British high streets for over 50 years, is facing a debt crisis as it struggles to recover from the impact of the coronavirus pandemic and soaring prices.
The fast-food chain has admitted to being heavily affected by the pandemic, which resulted in a decline in demand for dining in their restaurants.
The situation has been further exacerbated by the ongoing war in Ukraine, which has caused a sharp increase in energy, food, and transportation costs.
Pizza Hut originated in Kansas, USA in 1958 and opened its first UK outlet in Islington, north London, in 1972.
Over the years, Pizza Hut experienced tremendous popularity, employing 10,000 workers in over 260 restaurants across the country and serving three million guests each month at its peak.
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